Headlands Technologies LLC Trims Stake in Intapp, Inc. $INTA

Headlands Technologies LLC reduced its stake in shares of Intapp, Inc. (NASDAQ:INTA) by 26.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,636 shares of the company’s stock after selling 16,743 shares during the period. Headlands Technologies LLC owned 0.06% of Intapp worth $1,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of INTA. Strive Financial Group LLC bought a new stake in shares of Intapp in the fourth quarter worth about $28,000. Federation des caisses Desjardins du Quebec boosted its stake in Intapp by 913.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,054 shares of the company’s stock worth $48,000 after buying an additional 950 shares during the period. Allworth Financial LP bought a new position in Intapp during the second quarter valued at $33,000. Harbor Investment Advisory LLC bought a new stake in shares of Intapp in the 2nd quarter worth about $36,000. Finally, State of Wyoming lifted its holdings in shares of Intapp by 75.7% in the 4th quarter. State of Wyoming now owns 1,597 shares of the company’s stock worth $73,000 after acquiring an additional 688 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Intapp Trading Down 0.2%

NASDAQ:INTA opened at $43.37 on Tuesday. The firm has a market cap of $3.32 billion, a PE ratio of -83.40, a price-to-earnings-growth ratio of 16.78 and a beta of 0.42. The stock has a fifty day moving average price of $32.54 and a 200 day moving average price of $26.58. Intapp, Inc. has a 12-month low of $19.01 and a 12-month high of $47.93.

Intapp (NASDAQ:INTA) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. Intapp had a negative net margin of 7.15% and a negative return on equity of 3.30%. The company had revenue of $152.53 million for the quarter, compared to analysts’ expectations of $149.75 million. During the same quarter last year, the company earned $0.27 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. Intapp has set its Q1 2027 guidance at 0.390-0.410 EPS and its FY 2027 guidance at 1.580-1.620 EPS. Equities analysts forecast that Intapp, Inc. will post 0.07 EPS for the current year.

Insider Activity

In other Intapp news, insider Michele Murgel sold 14,591 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $25.02, for a total value of $365,066.82. Following the completion of the transaction, the insider directly owned 233,632 shares of the company’s stock, valued at approximately $5,845,472.64. This trade represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO John T. Hall sold 65,802 shares of Intapp stock in a transaction on Monday, August 24th. The stock was sold at an average price of $41.20, for a total value of $2,711,042.40. Following the transaction, the chief executive officer directly owned 5,814,808 shares of the company’s stock, valued at $239,570,089.60. This trade represents a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 94,491 shares of company stock valued at $3,650,613 in the last quarter. Insiders own 11.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on INTA. Piper Sandler upped their target price on Intapp from $25.00 to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded Intapp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Barclays lifted their price target on Intapp from $25.00 to $29.00 and gave the company an “underweight” rating in a research report on Wednesday, August 5th. Truist Financial upped their target price on Intapp from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Citigroup raised their price objective on Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Intapp has an average rating of “Hold” and an average target price of $37.86.

Intapp Profile

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company’s integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp’s suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.